MGE Energy's 15min chart shows Bollinger Bands expanding downward, bearish marubozu pattern.
ByAinvest
Friday, Feb 6, 2026 11:17 am ET1min read
MGEE--
MGE Energy's 15-minute chart has recently exhibited Bollinger Bands expanding downward and a bearish Marubozu at 02/06/2026 11:15. This technical indicator suggests that the current market trend is being driven by a significant selling pressure, with sellers dominating the market. Consequently, it is likely that the bearish momentum will continue.
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